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Asahi looks for China beer exit after Tsingtao disappointment

Mr Koji has said that Asahi (headquarters above) will decide this year on options for its stake in Tsingtao.

PHOTO: BLOOMBERG

Mr Koji (above) has said that Asahi (headquarters) will decide this year on options for its stake in Tsingtao.

PHOTO: BLOOMBERG

Hong Kong

FOR A foreign brewer hoping to gain an edge in the Chinese market, it seemed like the ideal alliance: Japan's largest beermaker teaming up with one of China's premier brands. Yet, Asahi Group Holdings Ltd's 2009 purchase of a minority stake in Tsingtao Brewery Co did not produce